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2010-08-27 — ml-implode.com
``Before securitization children were raised receiving fewer presents for their birthdays and holidays and I don’t need a source for that statistic. Water is wet, the sky is blue, and that’s a fact. Hotel rooms never cost $600 a night, even if you adjust the amount for inflation, in fact, there were simply far fewer so called “luxury goods†before we were all being constantly sold on the idea that taking on debt was the hip hop happening thing to do.''
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catherine at 03:17 2010-08-28 said:AMEN AMEN, securitization and then the falling values on the securitized collateral.....................then no jobs.................... that is the whole problem and we GUTTED our industry and turned everything over to the government FOR THAT :shock: .......... and we changed all the underwriting guidelines in the idiotic sense that we could underwrite for when 'people lost their jobs' :roll: Permalinkadd a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |
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